Question: this is an accounting problem to figure At the beginning of its fiscal year, Willies Corporation's balance sheet showed assets of $14,500 and liabilities of

this is an accounting problem to figure

At the beginning of its fiscal year, Willies Corporation's balance sheet showed assets of $14,500 and liabilities of $5,700. During the year liabilities decreased by $900, net income for the year was $2,650, and net assets at the end of the year were $9, 250. There were no changes in paid-in capital during the year.

Calculate the dividends, if any, declared during the year. Indicate the financial statement effect

note; enter decreases with a minus sign to indicate a negative financial statement effect.

STOCKHOLDERS EQUITY

Assests Liabilities PIC RE

Beginning: $14,500= $5,700 + $ + $

Changes: = $900

Changes;

Ending:

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